4 Consumer Goods Stocks Moving The Sector Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Tesla Motors ( TSLA), up 1.9%, and General Motors ( GM), up 1.2%. On the negative front, top decliners within the sector include Coca-Cola Femsa S.A.B. de C.V ( KOF), down 1.4%, Philip Morris International ( PM), down 1.0% and Coca-Cola ( KO), down 0.7%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Constellation Brands ( STZ) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Constellation Brands is up $5.90 (8.4%) to $75.83 on heavy volume. Thus far, 4.2 million shares of Constellation Brands exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $74.61-$78.40 after having opened the day at $74.81 as compared to the previous trading day's close of $69.93.

Constellation Brands, Inc., together with its subsidiaries, produces and markets beverage alcohol. Constellation Brands has a market cap of $11.4 billion and is part of the food & beverage industry. The company has a P/E ratio of 7.6, below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Constellation Brands a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Constellation Brands as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Constellation Brands Ratings Report now.

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